Wipro Q1 EPS $0.06 Misses $0.07 Estimate, Sales $2.78B Miss $2.78B Estimate
Portfolio Pulse from Benzinga Newsdesk
Wipro (NYSE:WIT) reported Q1 earnings of $0.06 per share, missing the analyst consensus estimate of $0.07 by 20 percent. This is a 6.67 percent decrease from the same period last year. The company also reported quarterly sales of $2.78 billion, missing the analyst consensus estimate by 0.02 percent, but marking a 2.04 percent increase from the same period last year.
July 13, 2023 | 10:16 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Wipro's Q1 earnings and sales missed estimates, which could negatively impact the stock in the short term.
Wipro's earnings and sales missed analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100